If S.I. on a sum of money for 5 years, ¼ of the sum, the rate percent PA is
Answers
Answered by
14
Answer:
Suppose the sum = P
Then the Simple interest I = P/4
Time t = 5 years
If the rate of interest p.a. = r%
Then I = Ptr/100
=> P/4 = P × 5 × r/100
=> r = 100/20 = 5%
Answered by
1
Let the principal be x
Then, simple interest=
5
x
Time=4years.
Rate of interest per annum=
PT
100×S.I
=
x×4
100×
5
x
=
4
20
=5%
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